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Awaiting price reaction for this filing.
Neelkanth Limited (formerly R T Exports Limited) has received a notice from the Income Tax Department, Mumbai, for recovery of an outstanding TDS/TCS demand of Rs. 10,67,320 (about Rs. 10.67 lakhs). The notice was received on July 25, 2025, and the company is in the process of responding within the stipulated time. The company has clarified that this will not have any material impact on its financials, operations, or other activities.
The demand amount is relatively small (Rs. 10.67 lakhs) and the company states there is no material impact on operations or financials. Shareholders should note this is a routine tax recovery notice, not a penalty or enforcement action, and is unlikely to affect the stock price materially.